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    Wealth

    Personal Finance

    Today

    People queue to access Centrelink offices in March 2020.

    JobSeeker, JobKeeper cut wealth inequality

    Lower-income households benefited the most from early COVID government payments, but higher-income households had the greatest gains in the recovery.

    • 1 hr ago
    • Lucy Dean
    Population ageing will increase demand for pathology services.

    This routine health test is an investment opportunity

    The share prices of pathology companies are below pre-pandemic levels and the world will need more blood tests.

    • Mark Draper
    Jacqui Henderson, a member of the Financial Services Council’s expert working group on digital advice, says the federal government needs to get the regulatory settings right  by reducing onerous paperwork.

    The future of financial advice is digital – and human

    AI-powered apps are touted as a big part of the solution to providing affordable financial advice en masse, but winning people’s trust is a key challenge.

    • Joanna Mather

    This Month

    The RBA may be actively choosing to tolerate hotter inflation to preserve employment.

    RBA caught in political spin

    Political considerations may explain the central bank’s unusual cheerleading of the federal budget.

    • Christopher Joye
    Jonty Taylor hasn’t even graduated, but he’s already got a plan to pay off his student debt.

    ‘Window of opportunity’ for graduates to score debt reprieve

    An accounting quirk means some graduates can escape the brunt of indexation, but only if they act fast.

    • Lucy Dean
    Advertisement
    The erosive effects of inflation on retirees’ purchasing power is significant, says Integro Private Wealth director Tim Sullivan

    Higher living costs are eating into your super. Here’s what to do

    Retirees are vulnerable to inflation because higher living costs eat into carefully calibrated savings plans that do not benefit from the injection of regular wages. Here’s what to do.

    • Tom Richardson
    Layla Anna moved back home with her mum due to a high cost of living, and wants help with her finances.

    I’m a Zillennial. Is financial advice worth it for me?

    At $4700, many young Australians would think twice about taking on a financial adviser. But are there instances when it’s worth it?

    • Lucy Dean

    How this Millennial plans to retire at 35

    Saving hard and opting out of the consumer lifestyle has helped these people retire decades before their parents did.

    • Bianca Hartge-Hazelman

    ‘I thought I had dementia’: How menopause crimps income and super

    Menopause costs women as much as $60,000 in retirement savings, according to ASFA.

    • Sian Powell
    When we eventually sell the properties, how will the capital gains be calculated?

    Labor’s ‘double taxation’ in super may not be as steep as you think

    A 30 per cent tax rate is unlikely to ever apply to the entirety of annual earnings for people with balances above $3 million.

    • John Wasiliev
    Personal expenses that are only used by one partner – such as gym memberships or mobile phone plans – should be considered separately.

    My partner earns far more than me. Should we still split bills 50/50?

    One partner in the relationship earns $200,000, while the other earns much less. What’s the fairest way to divide their living expenses?

    • Penny Wise
    Emma Edwards says to watch out for lifestyle creep.

    ‘Don’t waste it’: Smart ways to spend your income tax cut

    Some workers will have an extra $350 a month from July 1. Don’t waste this “powerful” opportunity, experts say.

    • Michelle Bowes and Lucy Dean
    First time home buyer Joanne Kim says she wouldn’t have made it in without being able to live at home for years.

    Forget Boomers. Millennials, your next landlord could be a best mate

    For decades, Millennials and Generation Z have blamed Baby Boomers for locking them out of the housing market. But what happens when wealthy Boomers start to give their kids cash?

    • Lucy Dean
    Gladys Noszkowski is a Surfers Paradise retiree. The extension of a freeze on the deeming rate will mean retirees like her will keep more of their income.

    How 870,000 Australians avoided budget income sting

    The figure used to estimate how much retirees’ investments are earning will remain well below where it would otherwise be, easing fears of an “income cliff”.

    • Lucy Dean
    Harriet

    From babies to Boomers: what’s in the budget for you

    The 2024 federal budget includes power bill relief, more training places and additional rent assistance.

    • Joanna Mather and Lucy Dean
    Advertisement
    A Russian hacker has been named as being responsible for the Medicare Private hack.

    Deepfake images lure investors to bogus stock clubs

    The ASX is among the latest to be exploited in frauds costing investors at least $25 million a week. Here’s how to spot a scam:

    • Updated
    • Duncan Hughes
    Assistant Treasurer and Minister for Financial Services Stephen Jones is consulting with industry about financial advice laws.

    Government still stumped by financial advice semantics

    The government will try to head off a semantic storm over the term “qualified advisers” by replacing the words with “product adviser”.

    • Joanna Mather
    Australia’s major super funds have overlooked a valuable opportunity by not allocating more to gold.

    Why superannuation funds are wrong on gold

    Millions of Australians could be missing out on the benefits of gold because of a conflict of interest inherent in big super.

    • Chris Brycki
    Incorporating non-financial factors into long-term investment decision-making is good investing, not just ESG investing.

    No, ESG funds have not had their day

    Recalibration of ESG investing has been an excellent exercise in weeding out the greenwashers, bandwagon participants and naysayers. 

    • Amanda MacDonald
    The potential tax hit is alarming wealthy super savers and forcing some to rethink their strategies.

    How the $3m super tax whack might hit property investors

    Plans to tax unrealised gains on super balances have investors considering options. Here’s what calculations show about the potential impact of the tax.

    • Duncan Hughes